It did, actually. Technically, we're actually inside a black hole. When all that energy and matter appeared, it was dense enough to be a black hole, and black holes have a Schwarzschild radius. But space didn't exist, so space had to be created so that the Schwarzschild radius could exist. However, space can only expand at a certain speed (e.g. light speed, but it's actually faster than that). All that mass couldn't collapse into a point mass, because the universe was expanding at a speed greater than the speed of light, thus no matter how fast (up to light speed) two particles were trying to approach each other, they still were 'pulled' (in quotes) farther apart by spacetime expansion.

Remember the balloon analogy? Well, the balloon was 'inflated' faster than the particles on the surface could move toward each other, therefore they couldn't condense into a black hole.

Not necessarily. You said that space needed to be created so that the Schwarzschild radius could exist. That's not how cause and effect work. Again, that's like saying that humans were created so breathing could exist, or fish were created so swimming could exist. Nature doesn't cause things to happen in order to cause other things to happen. It all just happens, the result of continuous evolution.

Now actually, space could have existed before the "big bang". You have to understand that the "big bang" is really a misnomer. It's a singularity in our calculations which represents the point at which we can't trace inflation back any further. It may be an actual physical singularity, or it may simply be a state change of some sort. At this point we don't have any way of knowing. The whole idea of "space and time beginning at the big bang" is pretty much a pop sci reification of spacetime. Sure, it's difficult to keep time when the physical oscillations by which you're keeping track asymptotically approach infinity in the primordial soup, but that doesn't mean the concepts of space (distance) and time (causality/movement) had an absolute beginning there.

Hmm, actually then, I should have made it more clear about what I meant about space being created. I should have said "more space needed to be created" for the Schwarzschild to 'expand' into (I'm saying expand because I don't know if it would simply appear at the correct distance should matter come into being at a certain point, or propagate as a wave outward from such an appearance).

As to whether or not spacetime existed first, it's a chicken and egg problem, however everything I remember reading has suggested that it didn't exist before the big bang. Your statement which seemed to suggest that spacetime existed first was news to me.

Space-time is a model representing distance, movement, and force in multiple dimensions. It's not a physical entity. When you see a pop-sci article saying that space-time began at the "big bang", they're just referring simplistically to the idea that the current metric began at a finite limit in the past because of inflation. That doesn't somehow mean that the concept of distance began at the "big bang", just that some energetic primordial phase change resulted in the current inflationary epoch

I don't quite understand what you mean when you say that space can only expand at a certain speed; eg. the speed of light. Expansion speed isn't measured in m/s it is measured in speed per distance, so saying that space expands at the speed of light is meaningless.

Using speed to describe the expansion of space is meaningless, simply because how do you measure something which defines the very thing it's measuring?

And you are using quotes incorrectly. I DID NOT SAY WHAT YOU QUOTED, PLEASE READ WHAT I WROTE.

Essentially, the Schwarzschild radius should have 'appeared' at a certain distance from the mass of the early universe, however, space didn't exist there yet, so space had to begin to expand (at whatever 'speed' space expands at). The early expansion of space MUST have been greater than the speed of light at any distance, because otherwise the mass would have been able to collapse into a black hole.